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These days, finding an affordable place to live in the 48150 area can be challenging. Home prices in 48150 are now at a median cost of $185,436, lower than the Michigan average of $196,062.
The average cost of rent is $1,194/mo in 48150, primarily driven by the current value of real estate in the 48150 area. While nearly 33.28% of residents own their homes outright in 48150, 12.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48150 is $7,342 per month. Households that rent pay about 16.27% of their income on rent here. 48150's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 48185, MI: less expensive homes
- 48154, MI: higher priced homes
- 48135, MI: less expensive homes
- 48239, MI: less expensive homes
- 48152, MI: higher priced homes
- 48127, MI: equally priced homes
- 48186, MI: less expensive homes
- 48141, MI: less expensive homes
- 48240, MI: less expensive homes
- 48128, MI: higher priced homes
Zip Codes with Similar Populations
- 32536, FL: higher priced homes
- 90240, CA: higher priced homes
- 88201, NM: less expensive homes
- 02119, MA: higher priced homes
- 88005, NM: equally priced homes
- 82604, WY: higher priced homes
- 35749, AL: higher priced homes
- 34771, FL: higher priced homes
- 33971, FL: equally priced homes
- 77043, TX: higher priced homes
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